These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Blue Nile Inc. (NASDAQ: NILE) fell more than 10% on Tuesday after its earnings were short of estimates. Now the online jeweler has been downgraded to Market Perform from Outperform at Wells Fargo.
Insperity Inc. (NYSE: NSP) was raised to Buy from Neutral and the price target was raised to $49 from $32 (versus a $44.64 close) at Roth.
Life Time Fitness Inc. (NYSE: LTM) was downgraded to Hold from Buy with a $60 price target (versus a $55.99 close) at KeyBanc Capital Markets.
Marketo Inc. (NASDAQ: MKTO) was downgraded to Market Perform from Outperform and the valuation range was cut to $29 to $32 from $49 to $52 (versus a $35.38 close) at Wells Fargo. Canaccord Genuity raised its price target to $42 from 440.
Nu Skin Enterprises Inc. (NYSE: NUS) was raised to Buy from Neutral at Citigroup.
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Pier 1 Imports Inc. (NYSE: PIR) was crushed after earnings and naming an interim CFO effective immediately. The retailer was downgraded to Perform from Outperform at Oppenheimer. Telsey Advisors also lowered its target to $13 from $17.
RetailMeNot Inc. (NASDAQ: SALE) was maintained as Buy but the price target was cut to $28 from $32 (versus a $15.40 close) at Wunderlich.
Super Micro Computer Inc. (NASDAQ: SMCI) was started as Positive at Susquehanna.
Teck Resources Ltd. (NYSE: TCK) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.
Valero Energy Partners L.P. (NYSE: VLP) was downgraded to Market Perform from Outperform and the price target was put at $51 to $55 (versus a $51.28 close) at Wells Fargo.
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VMware Inc. (NYSE: VMW) was raised to Market Perform from Underperform with a $74 price target (versus a $78.77 close) at Bernstein.
Wal-Mart Stores Inc. (NYSE: WMT) was downgraded to Neutral from Overweight with an $87 price target (versus a $87.29 close) at HSBC.
Yelp Inc. (NYSE: YELP) was raised to Buy from Hold with a $50 price target (versus a $44.66 close) at Brean Capital. Northland Securities maintained its Market Perform rating, but lowered its price target to $49 from $55. Credit Suisse reiterated its Outperform rating and $71 price target.
In case you missed Tuesday’s top analyst upgrades and downgrades, they included AES, Citigroup, Gap, Occidental Petroleum, Qualcomm, Transocean and around a dozen more.
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